Umbrella Insurance Calculator

Umbrella insurance provides excess liability coverage above your auto and homeowners insurance limits. It covers: (1) Bodily injury liability (someone sues you for injury), (2) Property damage liability (you damage someone's property), (3) Landlord liability (if you rent out property), (4) Coverage for incidents not covered by standard policies (libel, slander, false arrest). Most policies offer $1M-5M in coverage.

Financial experts recommend umbrella coverage equal to your total net worth (assets minus debts). If you have $500K in assets, get at least $500K-1M in umbrella coverage. If you have $2M+ in assets, consider $2-5M. Remember: plaintiffs can go after your future income too, not just current assets.

Umbrella insurance is surprisingly affordable. A $1M policy typically costs $150-300 per year if you already carry $250/500K in auto/hone liability. Each additional $1M in coverage adds only $50-100. It's among the best value insurance you can buy. Use our calculator to estimate your cost.

Yes! Even if you don't own a home, you can still be sued for: (1) Causing a car accident with injuries, (2) Your dog biting someone, (3) A guest injuring themselves at your rental. Renters should have umbrella insurance if their net worth exceeds $300K. The cost is the same whether you own or rent.